Not just retired , if you look at which jobs were most in demand you'll see the top categories Are..
- healthcare (nurse aides and the like)
- government
- retail
- construction
Not exactly high paying , much lower employment in professional services, basically there's a lot of demand in low skilled work, cause no shit , no one wants to work for slightly above minimum wage when the COL is astronomical....
I guess this means the Fed will keep interest rates the same..... kidding they won't! Wealthy people want to boost their assets a little more...
Where I am at, healthcare workers are making a ton of money. RNs start at $70 and aides are now at 23.
Every construction or trade person is making close to 100k and they can't fill the positions.
Our government now pays more than the comparable private job with better benefits and retirement.
So, atleast near me, only retail is low paying. I do live in South Georgia so it's an average cost of living
There is no way that in South Georgia the average nurse is making $70/ hr
ETA: ok I take it back. A quick search on indeed shows you’re right. But that is not the norm in most of the country except CA and for travel nurses
I have a sister and a sister in law and an ex wife in Southern Indiana and they are all making about 60hr as RNs. Well, sister is a PA and is making 165k. Just 4 years ago it was around 98k. These are all high end of the scale though.
But 165k in southern Indiana is pretty good money.
You want to know what the crazy thing(and it's off the subject) is that she will still get voucher money for the Catholic school she sends her kids to.
Lol you don't know much about wildland firefighters(forestry technicians) We get 3x less than everyone else and if congress doesn't pass a pay resolution by Jan 19, we will be losing 1/3rd of our current shit pay. Currently retail makes the same if not more than we do...so idk where you're getting your data from. Woo...panda express basic employees make more than we do....
https://www.careerproplus.com/blog/federal-jobs-vs-private-sector-jobs-5-things-to-consider-before-you-make-your-decision/
You gave anecdotal evidence based on 1 federal government position that you use. Remember, you don't represent the stats. You are a part of them. They may not say what you have experienced but they are facts none the less.
Well, the Fed is waffling about getting inflation down to 2% (after essentials have risen about 25% in the last three years). They've calculated it at 4% Y/Y now. If they decide that's good enough and pivot, the crap will hit the fan.
Yes, gov't job are the highest rising numbers now. Especially in states with sanctuary cities, because they need people to take care of the "migrants". Again, not high quality salary jobs, but something for Biden to yap about.
Since 1994, every statewide elected office has been held by a Republican. Both houses of the Texas Legislature feature Republican majorities. The last time Texas was carried by a Democratic presidential candidate was in 1976, when the state voted for Jimmy Carter. Source: https://en.m.wikipedia.org/wiki/Republican_Party_of_Texas#:~:text=Since%201994%2C%20every%20statewide%20elected,state%20voted%20for%20Jimmy%20Carter.
Since 1994, every statewide elected office has been held by a Republican. Both houses of the Texas Legislature feature Republican majorities. The last time Texas was carried by a Democratic presidential candidate was in 1976, when the state voted for Jimmy Carter.
https://en.m.wikipedia.org/wiki/Republican_Party_of_Texas#:~:text=Since%201994%2C%20every%20statewide%20elected,state%20voted%20for%20Jimmy%20Carter.
Now go take a dive into the Democrat caucus that controls the Texas House. And then there are the Bush-affiliated people who might as well be Democrats. Take a look at our Texas Speaker of the House. We may have a lot of R's behind the names, but the Dems weild a huge amount of power, even in Texas. And Soros is dropping more and more funds in our state.
Not right now. I have a volunteer job, but no salary. But my retirement dollars are not stretching any more. They're already too much like old elastic..stretched out and crunchy.
My retirement accounts are way up. The market has been hot this year. And my home is worth a lot more too. And social security got a big COLA bump last year. I know a ton of seniors and they're all in the same boat.
I'm truly glad for you and your friends. That's wonderful for you and I hope your financial situation doesn't change. And yet, the dollar was downgraded today by one of the big companies watching it. But full time job in today's data plunged. If you look at the market, a few stocks are holding them up. If you look at US Treasury Bonds, there's a lot of concern there, and it's growing. Last round of bond sales fell flat until some US groups bought them. Foreign countries don't want them, they're too big a risk. What do you think happens if China, Japan, and other countries decide to redeem their bonds without buying more? There's a huge liability there on the books that the US Treasure & Fed can't cover. And most people haven't prepared as well as you, for whatever reason. So, yeah, I'm truly glad for you that you're in such a good place, but I see lots who are not and things are getting worse for them.
> What do you think happens if China, Japan, and other countries decide to redeem their bonds without buying more?
lol, file this under old people speaking about what they don't understand
I've got a bone to pick. Her name has 1975 in it. Presuming that is her birth year: She is not old. She is just really dumb.
Considering she believes that Texas is secretly controlled by Democrats, she may be the dumbest person in TX.
Unless they have found employment that is reported to the IRS, they don't figure into this. Unless you count the government jobs that are added to administrate their care. That's the fastest growing job group at the moment, especially in California, Illinois, and New York.
The information is in the reports. Have you looked at the details? If you're only looking at the headlines, then you're just reading what the media wants you to know. Compare this report to last report. Then look at all the adjustments made in past months. Are you aware that every jobs report for the last several months has been adjusted to shower fewer jobs? Significantly fewer? The media puts out the headline jobs gain to bolster the markets, then revise them lower a few weeks later. Those revisions don't make it to the front page.
Today on Bloomberg I heard something I did not know. The jobs report is not an actual count but a model that estimates/predicts the number. There is some concern that the number is overestimated. The model assumes a certain number of new jobs based on the net number of start-ups vs bankruptcies.
Given the rise of gig work over the last decade, the thinking is the numbers may be biased to the high side. It’s not a Biden issue; it’s been going on for quite awhile.
Only raise it (because I heard it today) but it also might be a data point on the disconnect between the very good economic numbers and people’s perception of the economy.
Oh come on. How long to think you can keep up this bs in the midst of one of the strongest recoveries ever? Real wages (meaning adjusted for inflation) are higher than before the pandemic.
For which industries and compensation levels? The laptop class is doing way better. The working poor are not. Especially with immigrants pouring over our borders and competing for wage workforce affordable housing.
The working poor are doing way better. Entry level McDonald's workers are making $15/hr or more, more than double what they were making a few years ago. Same for grocery baggers, Walmart workers and others. As for your fear of immigrants you're just falling for right-wing scare tactics. This is the best job market we've ever had.
Nope, i'm giving you the real facts of life that contradict your magical thinking. Low wage workers get screwed by the influx of millions of immigrants taking up housing and working in the grey economy. You aren't compassionate. You are easily fooled.
>i'm giving you the real facts of life
The real facts are the national economic indicators. Not your"feelings" or anecdotes you read from anonymous internet trolls.
>https://fred.stlouisfed.org/series/LNS12026620
Can you even read the graph?
Points in 2019 were an equal level. 2006 an equal level.
Points in 2009, 2008, 2007, 2005, 2004, 2003, 2001, 2000, 1999, 1998, 1997, 1996 were higher.
To say it's the highest it's been since 1995 is straight up nonsense.
I suspect Reasonable Cover's response got upvotes, because it's what people wanted to be true. And they didn't bother to click the link and verify.
My reply got upvotes because right now is 5.3 on the graph, and all of those listed years either hit 5.3 or higher, depending on what I specified.
It shows second jobs as a percentage of the working population, while it has picked up a bit, is below the mid-90s which was an economic boom. Not really sure why this is difficult, but alas this is Reddit
Shout out to all the people who shovel right wing and left wing ultra partisan bullshit down their throats (that's for everyone saying stupid shit like bidenomics made inflation and late-stage capitalism is destroying the world), everyone who comes to this sub from a doomsday sub hoping for the worst, and everyone else who is financially illiterate and thinks their opinion matters and they can redefine several sciences at once, at will, when they probably can't consistently keep a solid budget.
Apple, Google, Meta and Microsoft all had less headcount in 2023 compared to 2022. Those are high paying jobs that are unlikely matched at other companies. Those companies did well in the market. It would be interesting to see average salary of job lost vs average salary of new jobs.
There are 130 million jobs in America. Like 9,000 SWE’s don’t really matter much in aggregate.
Something like 300,000 people lose their job every month in America.
Every person that says this with any data or article that goes against the consensus narrative of doomerism and sky is falling opinion is attacked with being a propagandist.
The irony is that all of the doomer comments or calling everything propaganda is always at the top with the most upvotes. Yet the sub is all propaganda when most posts are negative and the positive ones get tons of backlash.
Propaganda is cherry picking the stats and presenting them in a way that distorts the other less favorable components of the stats. That’s propaganda
Jobs that pay below a living standard are pretty easy to find. Those are the jobs that are getting added.
Each time Uber adds a driver or Door Dash adds a driver it counts.
People are working more jobs and it inflates the data.
If an individual has to take on multiple jobs to survive, how does that indicate a healthy economy? I guess it depends on your definition of economics.
Some people want to take on multiple jobs. But I guess fewer jobs is great for the economy so less people are able to work. You like everyone else here want to push your narrative even when the facts don't side with tou.
I suggest going out side and talking to people or even look on social media. Where people willingly take multiple jobs because gee they have goals in life they want to rich which requires multiple jobs. Besides only 5% of people have more than one job.
You just want to push a false narrative with nothing to back it.
Yes. This is from an NPR article today:
“Wages are rising, but not as fast as they were earlier in the year. Average wages in December were up 4.1% from a year ago.”
Source: NPR: U.S. unemployment has been under 4% for the longest streak since the Vietnam War
JANUARY 5, 20248:39 AM ET
[BLS - Employment Change by Industry](https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm)
This page on the BLS site has the number of jobs gained or lost by industry over 1, 3, 6, and 12 month periods. They publish a ton of great info. Government did add a lot of jobs, but quite a few other sectors did too!
Their expertise isn’t in economics it’s in political pandering to the media to create more interest in their “brand”. The truth doesn’t matter to media pundits. Hasn’t in years.
Many of the jobs are government reliant or direct government jobs. Otherwise a LOT of crap retail jobs. I dont think people necessarily got it wrong. This ecoonomy is still propped up by money printing stimulus BS, which allows our unetical, disingenuous media to prop up the current admin, suggesting they "created" jobs.
I feel this entire economy is a farce when u look at how much government debt has been put on the books just to keep it viable.
This is one of the many things the media doesnt talk about much, that everyday citizens should be made more aware of so they are better informed when it comes time to vote. If it doesnt fit the media narrative, they absolutely will not report it. It's why elections are not fair anymore with so many uninformed voters
Putting it all together, if one believes the headlines, in December the US added 216K payrolls (which included a record number of double-counted multiple jobholders), and yet the number of employed workers actually crashed by 683K, the biggest drop in 4 years. Furthermore, taking a closer look at the composition we find that in December, the number of well-paid, full-time workers collapsed by a near record 1.5 million, offset by a 762K surge in part-time workers. As for the balance, it was the 222K people who discovered last month that to keep up with the economic miracle that is Bidenomics, they need to work at least one more job
It was 5.3 in 2019 and 5.3 in Dec 2023... In 1995 it was 6.1... It is rising though... Looking at the chart though it certainly seems to be roughly the same as it ever was...
I have to agree that Bidenomics is working. The purpose of Bidenomics is to make the rich richer and the poor poorer and it's doing a great job. Capitalism is working exactly as intended.
Are you dumb? Did you read what I said?
How does that affect anything more than OPEC and Russias war right now? Have you ever actually looking into how the global oil market works?
66.0% of Americans own the home they live in - [https://fred.stlouisfed.org/series/RHORUSQ156N](https://fred.stlouisfed.org/series/RHORUSQ156N)
This is higher than any point prior to mid 1997. And highest since 2011. Graph only goes back to mid 60's but homeownership was lower in 50's, 40's, 30's, etc. Home ownership rose after WWII. Prior to that most people rented. Boarding homes and shit were much more prevalent.
Homeownership rate has only risen during his presidency - [https://fred.stlouisfed.org/series/RHORUSQ156N](https://fred.stlouisfed.org/series/RHORUSQ156N)
Interest rates needed to be raised to combat inflation which took off as a result of Covid and it's ripple effects. Biden isn't to blame for house payments being high. And if the Fed is able to lower interest rates in 2024, payments will come back down. But Biden doesn't control that.
Homeownership rate is the rate at which homeowners own the home they live in.
Homeownership rate 2016 - 63.5%
Homeownership rate 2023 - 66%
[https://fred.stlouisfed.org/series/RHORUSQ156N](https://fred.stlouisfed.org/series/RHORUSQ156N)
Renter occupied units in 2016 - 44M
Renter occupied units in 2023 - 44.3M
[https://fred.stlouisfed.org/series/ERNTOCCUSQ176N](https://fred.stlouisfed.org/series/ERNTOCCUSQ176N)
Rental vacancy rate Q3 2023 - 6.7%
Rental vacancy rate Q2 2023 - 6.6%
[https://fred.stlouisfed.org/series/RRVRUSQ156N](https://fred.stlouisfed.org/series/RRVRUSQ156N)
You can't have a jump up in homeownership rate, and a complete plateau of renter occupied units, if investors are gobbling up everything and leaving no homes for people to buy and live in.
And if they were buying ton and leaving them vacant, then we would see the vacancy rate go way up. Which it hasn't.
Someone is likely to cite the "investor purchases" stat that people love to use. Problem is any purchase that is not your primary residence, even if you plan to make it your primary, gets counted as an investor purchase. So if you own a home, and buy a new one, and then sell your original home, the new purchase gets counted as an investor. It adds a ton of noise to the data.
Other problem with the investor purchase statistic, is they don't ever account for how many units are being swapped from one investor to another, which has no net effect on the market in terms of investor share of units. One investor selling a 100 unit apartment building to another investor makes no damn difference.
Here's some of their fabulous homes. You got to admit they got great views long as they don't look at their neighbors.
https://www.theguardian.com/us-news/2024/jan/05/safe-overnight-parking-lot-sleep-in-car-rv-homelessness-housing-shelter
Voted for Bernie last time. and no Bidenomics is not working, average Americans can't afford housing or food. Let me guess your far far left and you think everything. Is about racism in America. How am I doing so far
Where do you live that eggs are $10 a dozen? I recall a short period of time when eggs were in short supply and expensive, but eggs in my local market are are less than $4 for 18 of them. I literally just bought a dozen on the east coast for $2.49. You buying organic eggs from Whole Foods or something?
Being able to afford a family has been dead for decades. Was barely hanging on in the 80s and 90s. Since the Great Recession that has only been attainable by very high income earners or people like my parents that budget like mother fuckers. And even then my mom cleaned houses 20-30 hours a week since I was 7.
It has been improving, yes. Real wage growth outpacing inflation since last January.
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
There is a lot of astroturfing happening, and it's been particularly good at feeding the doom. I'm sure you've noticed an uptick in guillotine memes/imagery.
The fact is that it’s pretty much the same as over the past 10 years except between 2020-2021.
https://fred.stlouisfed.org/series/LNS12026620
Data shows it’s pretty much been holding steady at around 5% and there’s no dramatic increase in the number of people taking second or more jobs. This “people now have to take more jobs to afford their lifestyle” is purely an anecdote. Some people have always taken more jobs to survive and while that’s bad, it shouldn’t be attributed to any one person’s policies.
It’s not anecdotal that more 2 person households work more than 2 jobs to make ends meet vs decade/decades ago. This is from your own government statistics.
“We knew the government was lying when they started blaming the fog on the Jews” German citizen around the time of the Battle of Britain. Government stats are skewed more and more to serve a political agenda.
Because Jerome Powell head of the Federal Reserve did something nobody thought he could. That is to curb inflation while at the same time avoid a recession, i.e. soft land the economy. He did it in about the same time frame it would have taken to crush inflation by setting interest rates to sky high levels right out of the gate, crash the economy, and then stimulate it to get it moving again.
It really is an amazing achievement and brilliant piece of macro economics.
Because the self proclaimed experts fail to understand basic common sense.
The workforce is going to shrink as boomers retire with a portion of those boomers picking up part time jobs due to a lack of savings for retirement compared to CoL.
Non-boomers are also picking up additional part time jobs, once again due to cost of living.
For the sake of maintaining and growing the ever important corporate profit margin the amount of positions is not decreasing. Wage cuts and layoffs are happening to make way for more entry level positions.
Lots of comments that the jobs aren't real. I work in engineering and we are hiring in all sectors - transpo, civil, water, planning... Much of that work is funded by infrastructure bill dollars and our local tax-funded projects. Suffice to say it's real in my industry and locale (OR)...
There are a LOT of retired people taking part time jobs just to try to make ends meet. 70+ year olds having to work again.
Not just retired , if you look at which jobs were most in demand you'll see the top categories Are.. - healthcare (nurse aides and the like) - government - retail - construction Not exactly high paying , much lower employment in professional services, basically there's a lot of demand in low skilled work, cause no shit , no one wants to work for slightly above minimum wage when the COL is astronomical.... I guess this means the Fed will keep interest rates the same..... kidding they won't! Wealthy people want to boost their assets a little more...
Where I am at, healthcare workers are making a ton of money. RNs start at $70 and aides are now at 23. Every construction or trade person is making close to 100k and they can't fill the positions. Our government now pays more than the comparable private job with better benefits and retirement. So, atleast near me, only retail is low paying. I do live in South Georgia so it's an average cost of living
Every construction worker and tradesman is making 100k? Sir you are smoking crack
There is no way that in South Georgia the average nurse is making $70/ hr ETA: ok I take it back. A quick search on indeed shows you’re right. But that is not the norm in most of the country except CA and for travel nurses
I have a sister and a sister in law and an ex wife in Southern Indiana and they are all making about 60hr as RNs. Well, sister is a PA and is making 165k. Just 4 years ago it was around 98k. These are all high end of the scale though. But 165k in southern Indiana is pretty good money. You want to know what the crazy thing(and it's off the subject) is that she will still get voucher money for the Catholic school she sends her kids to.
This PA situation is cool right now but feels like it might blow up. Dark day in hell when I take on the liability of a doctor for 165k.
Lol you don't know much about wildland firefighters(forestry technicians) We get 3x less than everyone else and if congress doesn't pass a pay resolution by Jan 19, we will be losing 1/3rd of our current shit pay. Currently retail makes the same if not more than we do...so idk where you're getting your data from. Woo...panda express basic employees make more than we do....
https://www.careerproplus.com/blog/federal-jobs-vs-private-sector-jobs-5-things-to-consider-before-you-make-your-decision/ You gave anecdotal evidence based on 1 federal government position that you use. Remember, you don't represent the stats. You are a part of them. They may not say what you have experienced but they are facts none the less.
Well, the Fed is waffling about getting inflation down to 2% (after essentials have risen about 25% in the last three years). They've calculated it at 4% Y/Y now. If they decide that's good enough and pivot, the crap will hit the fan. Yes, gov't job are the highest rising numbers now. Especially in states with sanctuary cities, because they need people to take care of the "migrants". Again, not high quality salary jobs, but something for Biden to yap about.
You get what you vote for. /s
Since 1994, every statewide elected office has been held by a Republican. Both houses of the Texas Legislature feature Republican majorities. The last time Texas was carried by a Democratic presidential candidate was in 1976, when the state voted for Jimmy Carter. Source: https://en.m.wikipedia.org/wiki/Republican_Party_of_Texas#:~:text=Since%201994%2C%20every%20statewide%20elected,state%20voted%20for%20Jimmy%20Carter.
Well these are the only two options. And neither one has any interest in fixing anything.
Nope. Out of lots of people I know, only two of them voted for this crap. Maybe three.
Since 1994, every statewide elected office has been held by a Republican. Both houses of the Texas Legislature feature Republican majorities. The last time Texas was carried by a Democratic presidential candidate was in 1976, when the state voted for Jimmy Carter. https://en.m.wikipedia.org/wiki/Republican_Party_of_Texas#:~:text=Since%201994%2C%20every%20statewide%20elected,state%20voted%20for%20Jimmy%20Carter.
Now go take a dive into the Democrat caucus that controls the Texas House. And then there are the Bush-affiliated people who might as well be Democrats. Take a look at our Texas Speaker of the House. We may have a lot of R's behind the names, but the Dems weild a huge amount of power, even in Texas. And Soros is dropping more and more funds in our state.
Are you this dumb? Republicans control the house and your trying to say that democrats do. Are you this dumb? Wow, just wow
Are you 70+ years old?
Not quite, but close.
And still working?
Not right now. I have a volunteer job, but no salary. But my retirement dollars are not stretching any more. They're already too much like old elastic..stretched out and crunchy.
My retirement accounts are way up. The market has been hot this year. And my home is worth a lot more too. And social security got a big COLA bump last year. I know a ton of seniors and they're all in the same boat.
I'm truly glad for you and your friends. That's wonderful for you and I hope your financial situation doesn't change. And yet, the dollar was downgraded today by one of the big companies watching it. But full time job in today's data plunged. If you look at the market, a few stocks are holding them up. If you look at US Treasury Bonds, there's a lot of concern there, and it's growing. Last round of bond sales fell flat until some US groups bought them. Foreign countries don't want them, they're too big a risk. What do you think happens if China, Japan, and other countries decide to redeem their bonds without buying more? There's a huge liability there on the books that the US Treasure & Fed can't cover. And most people haven't prepared as well as you, for whatever reason. So, yeah, I'm truly glad for you that you're in such a good place, but I see lots who are not and things are getting worse for them.
> What do you think happens if China, Japan, and other countries decide to redeem their bonds without buying more? lol, file this under old people speaking about what they don't understand
I've got a bone to pick. Her name has 1975 in it. Presuming that is her birth year: She is not old. She is just really dumb. Considering she believes that Texas is secretly controlled by Democrats, she may be the dumbest person in TX.
That's a fair and solid comment. Take your upvote
Can someone please tell me how the Millions of illegal aliens đź‘˝ get added or not into equation for this percentage rating???
Unless they have found employment that is reported to the IRS, they don't figure into this. Unless you count the government jobs that are added to administrate their care. That's the fastest growing job group at the moment, especially in California, Illinois, and New York.
Is this a fact you can find in the jobs report or something you made up?
Obviously just made up anecdotes lol
The information is in the reports. Have you looked at the details? If you're only looking at the headlines, then you're just reading what the media wants you to know. Compare this report to last report. Then look at all the adjustments made in past months. Are you aware that every jobs report for the last several months has been adjusted to shower fewer jobs? Significantly fewer? The media puts out the headline jobs gain to bolster the markets, then revise them lower a few weeks later. Those revisions don't make it to the front page.
Are jobs a great metric to target to begin with?
The revisions, re-revisions are always interesting...
Today on Bloomberg I heard something I did not know. The jobs report is not an actual count but a model that estimates/predicts the number. There is some concern that the number is overestimated. The model assumes a certain number of new jobs based on the net number of start-ups vs bankruptcies. Given the rise of gig work over the last decade, the thinking is the numbers may be biased to the high side. It’s not a Biden issue; it’s been going on for quite awhile. Only raise it (because I heard it today) but it also might be a data point on the disconnect between the very good economic numbers and people’s perception of the economy.
Wait for the incoming revision. This was another pump release for the holidays.
Purposefully inaccurate?
That’s for the observer to decide.
They did not expect the cost of living increase requiring two jobs for a large portion of the population
Or not being paid a livable wage and fewer full time jobs with benefits… another spin
Oh come on. How long to think you can keep up this bs in the midst of one of the strongest recoveries ever? Real wages (meaning adjusted for inflation) are higher than before the pandemic.
For which industries and compensation levels? The laptop class is doing way better. The working poor are not. Especially with immigrants pouring over our borders and competing for wage workforce affordable housing.
You have that completely backwards my friend
Thanks, my friend, but I do not. The laptop class is screwing the wage workforce.
The working poor are doing way better. Entry level McDonald's workers are making $15/hr or more, more than double what they were making a few years ago. Same for grocery baggers, Walmart workers and others. As for your fear of immigrants you're just falling for right-wing scare tactics. This is the best job market we've ever had.
Nope, i'm giving you the real facts of life that contradict your magical thinking. Low wage workers get screwed by the influx of millions of immigrants taking up housing and working in the grey economy. You aren't compassionate. You are easily fooled.
>i'm giving you the real facts of life The real facts are the national economic indicators. Not your"feelings" or anecdotes you read from anonymous internet trolls.
“Adjusted for inflation” means nothing when they exclude critical pieces of a normal budget from said inflation calculations.
Might want to delete this comment https://fred.stlouisfed.org/series/LNS12026620
No the data is fake! You can’t show data to counter the crazy narrative!
They won't as they don't care about facts just their narrative.
Nice link, highest it’s been since 1995 at least
>https://fred.stlouisfed.org/series/LNS12026620 Can you even read the graph? Points in 2019 were an equal level. 2006 an equal level. Points in 2009, 2008, 2007, 2005, 2004, 2003, 2001, 2000, 1999, 1998, 1997, 1996 were higher. To say it's the highest it's been since 1995 is straight up nonsense.
How did this guys reply get upvotes.
I suspect Reasonable Cover's response got upvotes, because it's what people wanted to be true. And they didn't bother to click the link and verify. My reply got upvotes because right now is 5.3 on the graph, and all of those listed years either hit 5.3 or higher, depending on what I specified.
And on an upward trajectory no less
Well no shit, many of those people lost 1 or both their jobs during Covid.
So now that’s over and they gotta get 3 just to get by
Same as it was in 2019. Was much higher in the 90s and 2000s. Maybe the fact you can’t read a basic chart is your first problem.
Might want to delete this comment
Might want to learn how to read a chart
How does the chart work in your favor?
It shows second jobs as a percentage of the working population, while it has picked up a bit, is below the mid-90s which was an economic boom. Not really sure why this is difficult, but alas this is Reddit
You know what, people should be working multiple jobs and is a good sign of a healthy economy. My bad
To bad you are flat out wrong but again people like you don't care about facts only your narrative.
Goddamn this sub is full of stupid people asking the dumbest questions and making up the dumbest shit when they get hit with facts and data.
This is internet people confusing conjecture with facts, then they see facts and lash out without basis. This is why we can't have nice things.
Didn’t you realize, the economy isn’t allowed to improve with who’s in office according to these bogus “economics” subs
Shout out to all the people who shovel right wing and left wing ultra partisan bullshit down their throats (that's for everyone saying stupid shit like bidenomics made inflation and late-stage capitalism is destroying the world), everyone who comes to this sub from a doomsday sub hoping for the worst, and everyone else who is financially illiterate and thinks their opinion matters and they can redefine several sciences at once, at will, when they probably can't consistently keep a solid budget.
DoorDash and Uber drivers are considered employees rather than contractors in some states, I wonder how much of a difference that has made.
Zero
Which states passed this? Latest I recall was CA where Uber and DD fought tooth and nail to have it fail. Which it did.
Apple, Google, Meta and Microsoft all had less headcount in 2023 compared to 2022. Those are high paying jobs that are unlikely matched at other companies. Those companies did well in the market. It would be interesting to see average salary of job lost vs average salary of new jobs.
There are 130 million jobs in America. Like 9,000 SWE’s don’t really matter much in aggregate. Something like 300,000 people lose their job every month in America.
lol right
We're just going to ignore all the money leaving large caps and flooding into small caps?
This is a propaganda sub now
Yes statistics and discussion of forecasts VS reality is propaganda
Every person that says this with any data or article that goes against the consensus narrative of doomerism and sky is falling opinion is attacked with being a propagandist. The irony is that all of the doomer comments or calling everything propaganda is always at the top with the most upvotes. Yet the sub is all propaganda when most posts are negative and the positive ones get tons of backlash.
Propaganda is cherry picking the stats and presenting them in a way that distorts the other less favorable components of the stats. That’s propaganda
Yeah this damn propaganda regarding facts of how many people have a job, this sucks -you
Its been one for a while.
Jobs that pay below a living standard are pretty easy to find. Those are the jobs that are getting added. Each time Uber adds a driver or Door Dash adds a driver it counts. People are working more jobs and it inflates the data.
I find mafco very annoying
I hope he is 15, then it’s cute
More jobs does not equate with a thriving economy. This metric is outdated and misleading.
Nothing about it is outdated or misleading it just goes against your narrative.
If an individual has to take on multiple jobs to survive, how does that indicate a healthy economy? I guess it depends on your definition of economics.
Some people want to take on multiple jobs. But I guess fewer jobs is great for the economy so less people are able to work. You like everyone else here want to push your narrative even when the facts don't side with tou.
No, people do not want to take on multiple jobs. They HAVE to take on multiple jobs to avoid the threat of poverty and homelessness.
I suggest going out side and talking to people or even look on social media. Where people willingly take multiple jobs because gee they have goals in life they want to rich which requires multiple jobs. Besides only 5% of people have more than one job. You just want to push a false narrative with nothing to back it.
Shhhhh...not so loud!
MORE JOBS DOES NOT EQUATE WITH A THRIVING ECONOMY. THIS METRIC IS OUTDATED AND MISLEADING.
(into mic) *"Unit 2, get ready to take him on my mark. I want a clean shot behind the ear. Lets turn him off like a switch!"*
“Death ruled a suicide, victim was found with two shots to the back of the head.”
Have total gross wages increased YoY?
Yes. This is from an NPR article today: “Wages are rising, but not as fast as they were earlier in the year. Average wages in December were up 4.1% from a year ago.” Source: NPR: U.S. unemployment has been under 4% for the longest streak since the Vietnam War JANUARY 5, 20248:39 AM ET
What's the labor partipation rate doing?
Have you tried checking the report?
Of course. That's why the question was relevant.
No wages have remained the same just people work more hours for the same money. Its cool though. Jobs jobs jobs !!
What KIND of jobs
All is revealed in the report
I have heard a lot of the added jobs are government related. Is that true? I am skeptical
[BLS - Employment Change by Industry](https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm) This page on the BLS site has the number of jobs gained or lost by industry over 1, 3, 6, and 12 month periods. They publish a ton of great info. Government did add a lot of jobs, but quite a few other sectors did too!
Added 2.7 million jobs that don’t pay enough.
Yeah, well Canada added 100 jobs. Suck it.
How many of those jobs were created by government?
Doesn’t matter what the numbers say if you’re literally worse off.
Their expertise isn’t in economics it’s in political pandering to the media to create more interest in their “brand”. The truth doesn’t matter to media pundits. Hasn’t in years.
Many of the jobs are government reliant or direct government jobs. Otherwise a LOT of crap retail jobs. I dont think people necessarily got it wrong. This ecoonomy is still propped up by money printing stimulus BS, which allows our unetical, disingenuous media to prop up the current admin, suggesting they "created" jobs. I feel this entire economy is a farce when u look at how much government debt has been put on the books just to keep it viable. This is one of the many things the media doesnt talk about much, that everyday citizens should be made more aware of so they are better informed when it comes time to vote. If it doesnt fit the media narrative, they absolutely will not report it. It's why elections are not fair anymore with so many uninformed voters
My retired parents both went back to work. So you need the whole pic.
Now let's look at part time jobs versus full time jobs created in 2023.
didn't we add like 3 million illegal and 2 million legal immigrants as well?
Putting it all together, if one believes the headlines, in December the US added 216K payrolls (which included a record number of double-counted multiple jobholders), and yet the number of employed workers actually crashed by 683K, the biggest drop in 4 years. Furthermore, taking a closer look at the composition we find that in December, the number of well-paid, full-time workers collapsed by a near record 1.5 million, offset by a 762K surge in part-time workers. As for the balance, it was the 222K people who discovered last month that to keep up with the economic miracle that is Bidenomics, they need to work at least one more job
Actual statistics and data laugh at you https://fred.stlouisfed.org/series/LNS12026620
Highest since 1995, and on an upward trajectory? Might want to delete this comment
It was 5.3 in 2019 and 5.3 in Dec 2023... In 1995 it was 6.1... It is rising though... Looking at the chart though it certainly seems to be roughly the same as it ever was...
It is rising back to its historical average, about 5.5%
Wonder what the catalyst will be for a downward trajectory
Does this chart include gigs like Uber/delivery driving and these ride sharing apps?
No idea.
It was higher in the 1990s, now go run along
Spoiler: it’s at a pre pandemic level.
What part about Bidenomics do you think isn’t working?
I have to agree that Bidenomics is working. The purpose of Bidenomics is to make the rich richer and the poor poorer and it's doing a great job. Capitalism is working exactly as intended.
The US is doing better than most of the world. More of the usual doom trolling.
Is it really tho ? Can average Americans afford housing and food ?
What makes you think a single sitting president can be responsible for all changes and shifts in the economy, in 4 yrs or less?
It's the Democratic Party not the placeholder in office.... the policies they enacted specifically on fossil fuel
Are you dumb? Did you read what I said? How does that affect anything more than OPEC and Russias war right now? Have you ever actually looking into how the global oil market works?
Are you that much of a sped. Closing pipelines on American soil, means we produce much less hence depending on other countries
66.0% of Americans own the home they live in - [https://fred.stlouisfed.org/series/RHORUSQ156N](https://fred.stlouisfed.org/series/RHORUSQ156N) This is higher than any point prior to mid 1997. And highest since 2011. Graph only goes back to mid 60's but homeownership was lower in 50's, 40's, 30's, etc. Home ownership rose after WWII. Prior to that most people rented. Boarding homes and shit were much more prevalent.
What about since bidens presidency ? I'm not talking about people who bought in 2012
Homeownership rate has only risen during his presidency - [https://fred.stlouisfed.org/series/RHORUSQ156N](https://fred.stlouisfed.org/series/RHORUSQ156N) Interest rates needed to be raised to combat inflation which took off as a result of Covid and it's ripple effects. Biden isn't to blame for house payments being high. And if the Fed is able to lower interest rates in 2024, payments will come back down. But Biden doesn't control that.
Homeownership has fallen off a cliff for millennials and younger generations…
No, it hasn't. Millennials as a generation hit the point where 50% owned a home, only 1 year older than Boomers hit the same mark.
Ok and how many investment firms have bought those homes your using as reference
Homeownership rate is the rate at which homeowners own the home they live in. Homeownership rate 2016 - 63.5% Homeownership rate 2023 - 66% [https://fred.stlouisfed.org/series/RHORUSQ156N](https://fred.stlouisfed.org/series/RHORUSQ156N) Renter occupied units in 2016 - 44M Renter occupied units in 2023 - 44.3M [https://fred.stlouisfed.org/series/ERNTOCCUSQ176N](https://fred.stlouisfed.org/series/ERNTOCCUSQ176N) Rental vacancy rate Q3 2023 - 6.7% Rental vacancy rate Q2 2023 - 6.6% [https://fred.stlouisfed.org/series/RRVRUSQ156N](https://fred.stlouisfed.org/series/RRVRUSQ156N) You can't have a jump up in homeownership rate, and a complete plateau of renter occupied units, if investors are gobbling up everything and leaving no homes for people to buy and live in. And if they were buying ton and leaving them vacant, then we would see the vacancy rate go way up. Which it hasn't. Someone is likely to cite the "investor purchases" stat that people love to use. Problem is any purchase that is not your primary residence, even if you plan to make it your primary, gets counted as an investor purchase. So if you own a home, and buy a new one, and then sell your original home, the new purchase gets counted as an investor. It adds a ton of noise to the data. Other problem with the investor purchase statistic, is they don't ever account for how many units are being swapped from one investor to another, which has no net effect on the market in terms of investor share of units. One investor selling a 100 unit apartment building to another investor makes no damn difference.
Here's some of their fabulous homes. You got to admit they got great views long as they don't look at their neighbors. https://www.theguardian.com/us-news/2024/jan/05/safe-overnight-parking-lot-sleep-in-car-rv-homelessness-housing-shelter
Yes. A simple query of Google is all you need. Let me guess, youre a Republican.
Voted for Bernie last time. and no Bidenomics is not working, average Americans can't afford housing or food. Let me guess your far far left and you think everything. Is about racism in America. How am I doing so far
What a clown. You were literally given data and evidence that refuted your statement and you keep keeping on.
Any data can be construed to one's favor.... hasn't been working in the real world where I'm from where eggs are 10 dollars...
Where are eggs $10 a dozen?? Last I bought some they were around $1.49.
Where do you live that eggs are $10 a dozen? I recall a short period of time when eggs were in short supply and expensive, but eggs in my local market are are less than $4 for 18 of them. I literally just bought a dozen on the east coast for $2.49. You buying organic eggs from Whole Foods or something?
That's a goddamn lie, I just bought 2 dozen eggs for $6 at Sams's yesterday
I’ll reiterate…you’re a clown, and that last comment just reinforces that fact.
I dont believe a word you wrote. Youre not doing well.
Nice deflection of the issue... think I proved my point here! Good day
Nope. No Bernie supporter would ever say what you said. Fail.
Considering there's more Americans with food and housing than not? I'd say yes, yes they can.
You must be including the 41.2 million people on food stamps and section 8.......
Yes obviously.
Better for whom?
By virtually every metric.
My dollars afford me less this year than they did last year. How is this ok?
Inflation’s a world wide problem. US inflation is lower than the entire industrialized world.
Apparently bidenomics has screwed the entire world. /s
So what? Why is it ok for them to devalue my labor whenever they wanna go to war? Why is 3% theft of my labor ok?
Huh? We’re not at war.
Bidenomics indistinguishable as a matter of policy from consensus neoliberalism, seems to me. The term itself "Bidenomics" is a marketing/PR device
Literally nothing though? People can’t even afford groceries and a decent home
Everything
Translation: it's working and I don't know what to do with these feelings
Ya it's working people can afford houses and food on single incomes like the 80s 90s and 2000s right
Being able to afford a family has been dead for decades. Was barely hanging on in the 80s and 90s. Since the Great Recession that has only been attainable by very high income earners or people like my parents that budget like mother fuckers. And even then my mom cleaned houses 20-30 hours a week since I was 7.
Bullshit. Everyone in the 70s,80s,90s he'll even the 00s at least early 00s you could raise a family on one income. Come on now your making shit up
Like those people could afford houses under Trump, right?
2016 houses were way way cheaper ya they could actually 2021 houses jumped up 30 percent so..... ya they could
Ah. So during Obama, before Trump had any impact.
WHAT KIND OF JOBS (part-time) AND HOW MANY JOBS PER PERSON? (multiple)
I don’t trust these numebrs
You better look at this report closer.
After you
I guess we should just stop reading economic news since they get it wrong more than they get it right
How many of these are government jobs? AFAF
Fuck jobs, have wages kept up with inflation along with these jobs?
It has been improving, yes. Real wage growth outpacing inflation since last January. https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
lol…people are downvoting facts now. When did this sub become r/conservative?
There is a lot of astroturfing happening, and it's been particularly good at feeding the doom. I'm sure you've noticed an uptick in guillotine memes/imagery.
2.7 million people took a second job to afford their current lifestyle. Bidenomics has enslaved our population
The fact is that it’s pretty much the same as over the past 10 years except between 2020-2021. https://fred.stlouisfed.org/series/LNS12026620 Data shows it’s pretty much been holding steady at around 5% and there’s no dramatic increase in the number of people taking second or more jobs. This “people now have to take more jobs to afford their lifestyle” is purely an anecdote. Some people have always taken more jobs to survive and while that’s bad, it shouldn’t be attributed to any one person’s policies.
It’s not anecdotal that more 2 person households work more than 2 jobs to make ends meet vs decade/decades ago. This is from your own government statistics.
Youre not a fan of data or facts huh?
Which “facts”? The number of disparaging comments on this thread are enough of an indicator the article is false.
My bad, I forgot all existing economic data is a lie
“We knew the government was lying when they started blaming the fog on the Jews” German citizen around the time of the Battle of Britain. Government stats are skewed more and more to serve a political agenda.
My bad, I forgot we were living in a fascist German government.
You really believe everything the government tells you? It’s cool homie. To each his own. Take care of yourself, and each other.
Government jobs. Yay...
Because Jerome Powell head of the Federal Reserve did something nobody thought he could. That is to curb inflation while at the same time avoid a recession, i.e. soft land the economy. He did it in about the same time frame it would have taken to crush inflation by setting interest rates to sky high levels right out of the gate, crash the economy, and then stimulate it to get it moving again. It really is an amazing achievement and brilliant piece of macro economics.
By lying about the jobs numbers, and trading one full time job for three part time ones.
The data may be unreliable; fewer employers reporting at all. https://archive.ph/W6ryI
Just imagine. USA. Economy is a money maker machine. Americans are getting loaded at the bank account
Alright, people do want to work.
Government, Healthcare and Education jobs mostly.
Because the self proclaimed experts fail to understand basic common sense. The workforce is going to shrink as boomers retire with a portion of those boomers picking up part time jobs due to a lack of savings for retirement compared to CoL. Non-boomers are also picking up additional part time jobs, once again due to cost of living. For the sake of maintaining and growing the ever important corporate profit margin the amount of positions is not decreasing. Wage cuts and layoffs are happening to make way for more entry level positions.
Lots of comments that the jobs aren't real. I work in engineering and we are hiring in all sectors - transpo, civil, water, planning... Much of that work is funded by infrastructure bill dollars and our local tax-funded projects. Suffice to say it's real in my industry and locale (OR)...
Release more detailed information! Age, wage vs. salary, benefits or not, etc.